Since reaching all time high on last April, AAPL has fallen 31.33% during the last 10 months. Yes it is about a third of its price, but is this it? Or will we go much further? Had APPLE just reached a MAJOR TOP ?
For that I am looking for a perspective from a big picture (Sometime something can only be appreciated in Log scale)
(1) For the last 15 years it moved in a contracting triangle and the trendline had been broken. (2) The April high is just slightly above fib 55. (3) April high look like a major top (end of wave III or worse wave V) - that likely to be follow by major pull back (of more than 80%).
I hope I am wrong, because I'm a huge fan of apple . I hope we will only goes to Fib 34 (82.46), otherwise we will go for a huge correction.
Salut to Mr. Gann from whom I owe this beautiful fan (see how perfectly fit the waves are) - GANN ROCKS. And my appreciation to WallStScalper that show me the beauty of Gann fan - thank you from the deepest of my heart for this and more.